GNC Announces Potential Financing Transaction
PITTSBURGH, Feb. 3, 2011 /PRNewswire/ -- General Nutrition Centers, Inc. today announced that it intends to enter into, subject to market and other conditions, a financing transaction with certain lenders. GNC currently expects to use the proceeds from the transaction, if consummated, to, among other things, refinance existing indebtedness.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
GNC, headquartered in Pittsburgh, Pa., is a leading global specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. As of September 30, 2010, GNC has more than 7,100 locations, of which more than 5,500 retail locations are in the United States (including 897 franchise and 1,983 Rite Aid franchise store-within-a-store locations), and franchise operations in 45 countries. The Company – which is dedicated to helping consumers Live Well – also offers products and product information online at www.gnc.com.